Basic Life Insurance (Plan 1)

The Montana University System provides a Basic Life and AD&D insurance plan at no cost if you are a Member as defined by the Certificate of Insurance. The Basic Life and AD&D insurance becomes effective when you become a Member, provided you meet the active work requirement on that date. The Basic Life plan has three options to choose from:

Option 1 = $15,000
Option 2 = $30,000
Option 3 = $48,000

This Basic Life plan also includes AD&D insurance from The Standard. With AD&D insurance, you or your beneficiaries may be eligible to receive an additional amount in the event of death or dismemberment as the result of an accident. To learn more please review the Additional Life Coverage Highlights.

If you do not enroll in an option for Basic Life insurance you will automatically be covered for $15,000.

Additional Life Insurance (Plan 2)

The Montana University System recognizes that individuals have different needs and has provided you the opportunity to apply for the right amount of protection for you and your family at very competitive group rates. Please use the Needs Estimator and Premium Calculator to estimate how much life insurance you should have and how much it will cost.

As an eligible employee, you may elect Additional Life coverage amounts in multiples of $25,000, not to exceed the maximum of $600,000. All late applications and requests for coverage above the $300,000 Guarantee Issue Amount will be subject to medical underwriting approval. In the event of a Family Status change, you may increase Spouse Life by one increment without medical underwriting approval, as long as the total benefit amount does not exceed the $300,000 Guarantee Issue Amount.

Dependents Life Insurance

This plan also includes Dependents Life insurance.

If you are insured under Additional Life insurance, you may apply for Dependents Life insurance as follows:

Spouse: You may apply for Dependents Life insurance for your Spouse in multiples of $25,000, from $25,000 to the lesser of 100 percent of your Additional Life Insurance (Plan 2) and $300,000.

For Spouse coverage, all late applications and requests for coverage above the $50,000 Guarantee Issue Amount will be subject to medical underwriting approval. In the event of a Family Status change, you may increase Spouse Life by one increment without medical underwriting approval, as long as the total benefit amount does not exceed the $50,000 Guarantee Issue Amount.

Child: You may apply for Dependents Life insurance for your Child in multiples of $5,000, from $5,000 to the maximum of $30,000. The amount of Dependents Life insurance for your Child may not exceed 100 percent of the total amount of your Plan 1 and Plan 2 Life insurance.

Evidence Of lnsurability is never required for a Child.

For answers to commonly asked questions, costs, exclusions, limitations and reductions, please review the Additional Life Coverage Highlights and the Certificate of Insurance.